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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Rob S. who wrote (55131)	5/4/1999 6:38:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) of 164684

Rob, >> "Sell on the rallies" is the current days' order. I don't know what to think right now. The signals are mixed. Today till 2: PM amzn had reversed its down trend, and the 7 million shares were buy volume. Of course it turned around suddenly and dropped 13 points. You might say this was a failed rally, and of course it was. But what caused it ? At the same instant, AOL and yhoo also started dropping, though at a lower rate, and dow dropped 130, and nasdaq 50. So my feeling is amzn would have had an up day with respectable volume, except the bond got in the way. If the market is OK tomorrow, then I think amzn will again go to 155. If not, then pause at 120 ? on the way to 80 ?

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